Revista de Métodos Cuantitativos para la Economía y la Empresa, 2022
The sustained current account deficit in any country has an important implication for policy. If i... more The sustained current account deficit in any country has an important implication for policy. If it continues, then it suggests that the regime ought to have no motivation to avoid or to diminish its international debt. In this paper, we test empirically the relationship among current account deficit and different macroeconomic variables by using panel Logit model. Therefore, we focus on the MENA countries during the years of 1980-2017. We built an econometric model to analyse the contribution of the real GDP, unemployment rate (UR), consumer price index (CPI), export growth rate (EGR), import growth rate (IGR), public expenditures (PE), and foreign trade rate (FTR) on current account deficit (CAD). We established that only the following exogenous variables: GDP, UR, PE and FTR have a positive and significant effect on the current account deficit. This outcome may support governments to identify the best time for investment and business strategies by observing the evolution of the pe...
Not a long ago, the agriculture sector was the main pillar of any economy in the world. It not on... more Not a long ago, the agriculture sector was the main pillar of any economy in the world. It not only provides food production, but it participates to the expansion of the economic growth as well. In this paper, we shall try to investigate the relationship between agriculture sector and economic growth for 30 African countries over the period of 1980-2017 with individual and temporal fixed-effect panel model and panel cointegration. We found with Pedroni and Westerlund tests that we have not a cointegration relationship between variables; hence we cannot estimate the long-run panel model. Therefore, we only estimated the panel model with individual and temporal fixed-effect, then we established that the two variables of economic openness relied to agriculture sector are positive, but insignificant, while the variable of the agriculture value-added was positive and statically accepted at the level of 1%, and the coefficient of the labour force in the agriculture sector appears negative...
In this paper, we analyse the impact of the institutional quality on the sustainable development ... more In this paper, we analyse the impact of the institutional quality on the sustainable development in 10 Arab countries during the period 1995-2019. Despite the significant improvement that have known some countries in recent years in terms of development indicators, the Arab authorities still require more efforts to improve their governance and to enhance the developmental impact of oil revenues. However, the deterioration of the institutional environment indicators remains the biggest obstacle to achieve the development goals, and limits the effectiveness of economic reforms. Therefore, we found from the empirical study that there is a positive significant effect on sustainable development (expressed by adjusted net saving) for capital per capita, oil rents, per capita and trade openness, while there is a negative significant effect for gross national income, and total natural resources rents. However, the institutional indexes have a positive and insignificant impact, indicating th...
Tourism is one of the most important sectors for several researchers and decision makers, due to ... more Tourism is one of the most important sectors for several researchers and decision makers, due to its influence on the world economic growth in the twenty-first century, making it as a source of competition between countries to a global industry for its effective strategic role in the development of countries. In this paper, we used two variables natural logarithm of per capita gross domestic product (GDP) and natural logarithm of per capita international and national tourism expenditure (ITE) to study the relationship between the tourism sector and economic growth in Algeria over the period of 1995–2017. We established with the unit root test with and without breakpoint that the variables are stationary in the first difference and there is a structural break in (ITE) and (GDP). Thus, with the presence of a breakpoint, we employed the methodology of Gregory–Hansen to avoid such issue, but we found that there was no evidence of cointegration with breakpoint, so then we used the vector...
Revista de Métodos Cuantitativos para la Economía y la Empresa, 2022
The sustained current account deficit in any country has an important implication for policy. If i... more The sustained current account deficit in any country has an important implication for policy. If it continues, then it suggests that the regime ought to have no motivation to avoid or to diminish its international debt. In this paper, we test empirically the relationship among current account deficit and different macroeconomic variables by using panel Logit model. Therefore, we focus on the MENA countries during the years of 1980-2017. We built an econometric model to analyse the contribution of the real GDP, unemployment rate (UR), consumer price index (CPI), export growth rate (EGR), import growth rate (IGR), public expenditures (PE), and foreign trade rate (FTR) on current account deficit (CAD). We established that only the following exogenous variables: GDP, UR, PE and FTR have a positive and significant effect on the current account deficit. This outcome may support governments to identify the best time for investment and business strategies by observing the evolution of the pe...
Not a long ago, the agriculture sector was the main pillar of any economy in the world. It not on... more Not a long ago, the agriculture sector was the main pillar of any economy in the world. It not only provides food production, but it participates to the expansion of the economic growth as well. In this paper, we shall try to investigate the relationship between agriculture sector and economic growth for 30 African countries over the period of 1980-2017 with individual and temporal fixed-effect panel model and panel cointegration. We found with Pedroni and Westerlund tests that we have not a cointegration relationship between variables; hence we cannot estimate the long-run panel model. Therefore, we only estimated the panel model with individual and temporal fixed-effect, then we established that the two variables of economic openness relied to agriculture sector are positive, but insignificant, while the variable of the agriculture value-added was positive and statically accepted at the level of 1%, and the coefficient of the labour force in the agriculture sector appears negative...
In this paper, we analyse the impact of the institutional quality on the sustainable development ... more In this paper, we analyse the impact of the institutional quality on the sustainable development in 10 Arab countries during the period 1995-2019. Despite the significant improvement that have known some countries in recent years in terms of development indicators, the Arab authorities still require more efforts to improve their governance and to enhance the developmental impact of oil revenues. However, the deterioration of the institutional environment indicators remains the biggest obstacle to achieve the development goals, and limits the effectiveness of economic reforms. Therefore, we found from the empirical study that there is a positive significant effect on sustainable development (expressed by adjusted net saving) for capital per capita, oil rents, per capita and trade openness, while there is a negative significant effect for gross national income, and total natural resources rents. However, the institutional indexes have a positive and insignificant impact, indicating th...
Tourism is one of the most important sectors for several researchers and decision makers, due to ... more Tourism is one of the most important sectors for several researchers and decision makers, due to its influence on the world economic growth in the twenty-first century, making it as a source of competition between countries to a global industry for its effective strategic role in the development of countries. In this paper, we used two variables natural logarithm of per capita gross domestic product (GDP) and natural logarithm of per capita international and national tourism expenditure (ITE) to study the relationship between the tourism sector and economic growth in Algeria over the period of 1995–2017. We established with the unit root test with and without breakpoint that the variables are stationary in the first difference and there is a structural break in (ITE) and (GDP). Thus, with the presence of a breakpoint, we employed the methodology of Gregory–Hansen to avoid such issue, but we found that there was no evidence of cointegration with breakpoint, so then we used the vector...
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